CORe Questions PDF [2023] Use Valid New dump to Clear Exam
Passing HBX CORe Exam Using 2023 Practice Tests
NEW QUESTION 66
A researcher wants to determine the relationship between the number of sea-turtles and the depth of the ocean.
Based on the data below, select the correct columnsfor the Excel regression inputranges.
(Select all that apply.)
- A. B1:B18
- B. C1:C18
- C. E1:E18
- D. D1:D18
- E. A1:A18
Answer: D,E
NEW QUESTION 67
Which of the following options represent implicit transactions? (Select all that apply.)
- A. An inter-company sale of goods under a short term agreement
- B. The repurchase of shares of the company's stock
- C. Interest expense accrued at the end of the fiscal year
- D. Recording a loss on the sale of a piece of plant equipment
- E. The recognition of revenue over time related to payment received in advance for a multiyear contract
Answer: C,E
NEW QUESTION 68
Exhibit: Based on the histogram below of 28 nations' performances in the Winter Olympic games, in which bin would the median be located?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 69
Which of the following financial statements is MOST useful in determining the capital expenditures of a company during the past year?
- A. The statement of cash flows, using the investing section
- B. The statement of retained earnings, using the profits that were reinvested in the company
- C. The balance sheet, using the ending balance of property, plant, and equipment
- D. The income statement, using the depreciation expense per year
Answer: A
NEW QUESTION 70
Which of the following statements is NOT true regarding Company A? Exhibit:
- A. The efficiency in using inventory of Company A increased in 2013.
- B. The efficiency in collecting receivables of Company A increased in 2013.
- C. The solvency of Company A increased in 2013.
- D. The profitability of Company A increased in 2013.
Answer: A
NEW QUESTION 71
The standard deviation of a given population is 3.5 with a mean of 26. Assuming the population follows a normal distribution, approximately what percentage of the population will fall between 15.5 and 36.5?
- A. 68.0%
- B. 99.7%
- C. 99.9%
- D. 95.0%
Answer: B
NEW QUESTION 72
Individual orange farmers in a country decide to pool their advertising money and collectively release a new series of advertisements for oranges. Why would the farmers do this?
- A. They want to shift the supply curve for oranges to the right.
- B. They want to differentiate their brands.
- C. They want to shift the demand curve for oranges to the right.
- D. They want to increase their market power in the orange production industry.
Answer: C
NEW QUESTION 73
A technology and design company has created a new type of keyboard with different letter placement to make typing easier and more efficient. This new design is also cheaper to manufacture, and the company is able to price the keyboard lower than its competitors. However, sales have been extremely low. What is the MOST likely explanation?
- A. Consumers have strong loyalty to existing keyboard manufacturers.
- B. Consumers find it difficult to switch keyboards once they have learned to type.
- C. Consumers do not understand the company's differentiation strategy.
- D. Consumers' demand for keyboards is relatively inelastic.
Answer: B
NEW QUESTION 74
A restaurant that sells hamburgers is considering lowering prices to gain market share. The restaurant pays $3,000 a month for the building it occupies, and ingredients and labor cost $2.50 per hamburger. If the restaurant expects to sell 2,000 hamburgers a month, what is the minimum price it could charge?
- A. $3.50
- B. $2.50
- C. $4.00
- D. $3.00
Answer: C
NEW QUESTION 75
A company's retained earnings on Dec. 31st, 2009 to 2013 is as follows:
On the pro-forma income statement for 2014, the net income is $10,000. The expected dividends to be paid in 2014 is $3,500. What is the projected retained earnings on Dec. 31st, 2014?
- A. $18,500
- B. $35,000
- C. $15,000
- D. $31,500
Answer: D
NEW QUESTION 76
The government decides to set a price ceiling on corn. The price ceiling is set 10% above the equilibrium price. What would be the result of this government action?
- A. There would be a surplus of corn.
- B. The price ceiling would have no effect on the market.
- C. There would be a shortage of corn.
- D. Consumer surplus would increase.
Answer: B
NEW QUESTION 77
A student gathers information and performs a regression analysis comparing a person's undergraduate GPA to that person's starting salary after college graduation.
Based on this regression, what would a student with a GPA of 3.67 expect to earn on average upon college graduation?
- A. $17,124.95
- B. $50,351.10
- C. $45,670.40
- D. $29,622.42
Answer: B
NEW QUESTION 78
Which of the following transactions represents an owner's equity transaction for a company?
- A. The purchase of shares in a company that's also a supplier
- B. An in-kind payment for services received
- C. A purchase of a building paid in cash
- D. A repurchase of a company's own stock
Answer: D
NEW QUESTION 79
Company A has been profitable for the past five years but the Retained Earnings reported on the financial statements has not grown. Which of the following statements could explain the situation?
- A. Company A has issued additional shares of common stock.
- B. Company A has paid down a portion of its long term debt.
- C. Company A has paid dividends to shareholders each year.
- D. Company A has invested heavily in new machinery and equipment.
Answer: C
NEW QUESTION 80
A student is interested in which factors affect the U.S. poverty rate and develops a linear regression model. The student uses poverty rate in all 50
U.S. states and Washington D.C. as the dependent variable and wants to relate it to the following variables:
The unemployment rate
The percent of the adult (over 25) population with at least a bachelor's degree
The percent of the population without health insurance
The percent of the adult (over 25) population without a high school diploma or equivalent
The percent of households with children under 18 run by a single mother
The student collects data from each state and Washington D.C. for the year 2012 and runs the regression in Excel. The results of this regression are given below.
Based on these results, select the independent variables that have a coefficient that is statistically significant at the 5% level. (Select all that apply.)
- A. Bachelor's Degree or Higher
- B. Percent of Single Mother Households
- C. Percent of High School Dropouts
- D. Percent of Population Uninsured
- E. Unemployment Rate
Answer: A,C
NEW QUESTION 81
A manager wants to examine the effect of season (Spring, Summer, Autumn or Winter) and time of the game (Morning, Afternoon or Evening) on the number of television viewers for a National Basketball Association game. How many dummy variables should be included in the multipleregression?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 82
What is the set of accounting standards most commonly used by companies outside the US?
- A. US Generally Accepted Accounting Principles (US GAAP)
- B. Global Financial Accounting Standards (GFAS)
- C. International Financial Reporting Standards (IFRS)
- D. Convergence of International Financial Reporting Standards (IFRS) and US Global Financial Accounting Standards (US GFAS)
Answer: C
NEW QUESTION 83
A company reported the following information for 2013:
During 2013, the company purchased new inventory of $160,000. What amount should the company report as cost of goods sold on its 2013 income statement?
- A. $100,000
- B. $220,000
- C. $60,000
- D. $160,000
Answer: A
NEW QUESTION 84
A researcher wants to know the impact that obesity and universal health care have on the amount a country spends on healthcare as measured by the percentage of gross domestic product (GDP). The researcher collects data from 30 countries on the percentage of the population considered to be obese and whether that country offers universal health care to their citizens. A dummy variable is constructed to measure the latter: the variable is set to equal 1 for countries that offer universal health care and 0 for those that do not. The researcher wishes to set up a regression analysis to measure the effects these two variables have on health care spending. A partial view of the data is shown below.
Based on the available data, what ranges should be entered into the Excel regression dialog box for the dependent and independent variables?
- A. Dependent Variable. B1:C31; Independent Variable. D1:D31
- B. Dependent Variable. C1:D31; Independent Variable. B1:B31
- C. Dependent Variable. B1:B31; Independent Variable. C1:D31
- D. Dependent Variable. A1:A31; Independent Variable. B1:C31
Answer: C
NEW QUESTION 85
Why are ratios important when comparing different companies within the same industry?
- A. Accounting policies might be different between companies.
- B. They eliminate the effect of size differences among the different companies.
- C. They reflect macroeconomic factors.
- D. They are useful for assessing the stage of the industry.
Answer: B
NEW QUESTION 86
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